NovaRed Mining amends option to earn 70% of Trojan-Condor Corridor claims, issues 3,000,000 units to optionor

Reuters2026/07/22 21:03

By:Reuters

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Novared Mining amended an option to earn a 70% stake in the Trojan-Condor Corridor, adding five tenures and expanding Wilmac Copper-Gold to 16,078 hectares.
Option requires issuing 3,000,000 units on CSE acceptance; each unit includes one share and a two-year warrant exercisable at C$ 1.8.
Cash payments set at $100,000 by Aug. 31, 2026, then $150,000 by March 31, 2027.
Exploration spending commitment totals $8.5 million, including $400,000 by Oct. 1, 2026, then $2 million in 2027.
Interest carries a 2% NSR; 1% buyback costs $2 million; annual advance royalty of $100,000 starts on option exercise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Novared Mining Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607221703NEWSFILECNPR____20260722_306153_1) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NovaRed Mining amends option to earn 70% of Trojan-Condor Corridor claims, issues 3,000,000 units to optionor

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